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Compare Toyota RAV4 Insurance Costs

Compare Toyota RAV4 insurance costs across Comprehensive, Third Party Theft & Fire and Third-Party policies from leading insurers such as AA Insurance, AMI, Cove, Tower and more, as well as tips to save and answers to FAQs.
Updated 29 April 2025
Summary
  • The Toyota RAV4 ranks among New Zealand's top selling SUVs and is known for its reliability and widespread ownership.
  • However, while the RAV4 is a family favourite nationwide, insurance costs vary significantly depending on location and coverage type, making comparison essential for owners seeking value.
  • We have published this guide for new and existing RAV4 owners looking to understand their insurance options, avoid overpaying, and make informed decisions based on real-world data. We examine premiums for a 2019 Toyota RAV4, valued at $28,000, with no alarm and parked off-street but not in a garage.
  • We have used a driver profile of a 35-year-old male, driving 6,000 km annually, holding a full licence for 10+ years, with no accident history.
  • Our research looks at Comprehensive, Third Party Fire & Theft and Third Party policies from AMI, AA Insurance, ​AMP, Cove, State Insurance, Trade Me Insurance and Tower Insurance.
  • We encourage you to compare for your needs - our quotes analysis across seven cities covers Auckland (Takapuna, Henderson, Mangere), Hamilton, Wellington, Christchurch and Dunedin. However, not every insurer offers online quotes for certain policies so that comparisons may have gaps.

Our comparison covers:
Our Quotes
  • The quotes published in this guide were sourced in April 2025 and are accurate for the policyholder profile and vehicle parameters we outlined. However, insurance premiums change all the time. You may find your quote differs even when using the same details.
  • As such, please treat our pricing data as directional - the cost comparisons are useful for identifying which insurers are cheaper on average, but to know what you'll actually pay, always generate your own quotes before deciding. For the most accurate premium, we recommend getting a fresh quote online from each insurer using your exact details.

MoneyHub Founder Christopher Walsh Shares His Views on Insuring Toyota RAV4:

"The RAV4 - reliable, safe and family-friendly, but don't sign up for the first insurance quote you get because our research confirms insurance costs vary.

To save the most while ensuring you're fully covered, consider the following steps:
  • Cast a Wide Net: I don't stop at one insurer - you can get fast online quotes from AMI, AA Insurance, AMP, Cove, State, Trade Me, Tower. 20-30 minutes of clicking can save you hundreds of dollars.
  • Make a Decision: With quotes in hand, pick what fits your needs; you may want the full protection of comprehensive or, for older RAV4s, save significantly with third party policies. What is right depends on your willingness to take the risk.
  • Check Yearly: Your RAV4 value drops yearly, so if you buy comprehensive coverage, your policy should reflect the lower value.
  • Tweak Coverage: If you don't drive much, tell the insurer - this will help lower the price. Full protection will arguably be a wise investment if you are in a high theft-risk spot.
  • Weigh the Options: Comprehensive gives drivers peace of mind, but if your RAV4's worth $10,000, a third-party policy can save you $800+ every year, but you'll need to understand the risk you're taking.

Insuring your RAV4 can be cost-effective because insurers see them (and their drivers) as low-risk. Extract online quotes widely, and then decide what works for you".
Christopher Walsh
MoneyHub Founder 

Compare Toyota RAV4 Insurance Quotes With Our Top Two Insurers:

Our comprehensive car insurance research has identified Tower Insurance and Cove Insurance as leading options in car insurance based on value and coverage. Please note, Cove only offers comprehensive policies, not third party insurance.

Comparing saved money and gives you the information to make an informed decision. Consider getting fast online quotes from these insurers for a well-informed decision:
  • Tower Insurance: Known for its extensive and competitive car insurance policies, Tower Insurance stands out in our comparison review. Their policy encompasses many benefits, making it a preferred choice for many and popular with MoneyHub readers whose circumstances offer an attractive quote.
  • Cove Insurance: As a notable contender in the market, Cove Insurance offers comprehensive policies with competitive pricing, excluding under-21 drivers to focus on quality coverage. Alongside Tower, Cove is popular with MoneyHub readers looking for cost-effective cover.

Requesting a quote is straightforward and quick, requiring only about two to five minutes of your time. Comparing and switching insurers could lead to significant savings, and both Tower and Cove are known for their attractive offerings to new customers.
​
Advertising Disclosure: Our reviews and research focus on price and coverage. MoneyHub may receive a commission for quotes or policy acquisitions. For more information, please refer to our Advertising Policy.​

Insurance Types Explained - Comprehensive vs Third-Party Fire and Theft (TPF&T) vs Third-Party

We analysed all three insurance types -  Comprehensive, Third Party Fire & Theft and Third Party policies to reflect the full range of options Toyota RAV4 owners are offered by general insurers.

MoneyHub generally focuses on comprehensive policies, given the protection it offers. However, we accept that with the increasing cost of living, drivers are considering a third-party policy, given the cost savings. We explain what you need to know about each policy type:

Comprehensive
  • Covers repairs, theft, accidents, weather damage to your car, and liability to others. Annual policy costs in our survey of a RAV4 with a $28,000 insured value range from $1,000 to $2,000 but offer the safest, most complete protection. Comprehensive policies are arguably ideal for newer RAV4 owners (e.g., 2015 models and after) and/or those in high-risk areas like Auckland.
  • Comprehensive policies offer peace of mind and full asset protection, so you won't be out of pocket if your car is written off. However, Comprehensive policies are not always the best if you have a low-value RAV4 and are prepared to replace or repair it out of pocket should your Toyota have an accident.

Third-Party Fire and Theft (TPF&T)
  • Covers fire, theft, and liability to others, but not accident damage to your car. Annual policy costs in our survey range from $500 to $750, making it a mid-tier option cheaper than Comprehensive policies.
  • Third-party fire and Theft are popular with RAV4 owners with older models (e.g., pre-2015) or moderate budgets who want protection against theft without full coverage costs.
  • Overall, Third Party Fire and Theft offers a balanced mix of cost and coverage, safeguarding against key risks like theft, which should not be understated despite RAV4s not appearing in our most recent stolen car research. However, without a Comprehensive policy, you are exposed if your RAV4 sustains accident damage, requiring out-of-pocket repairs or replacement.

Third-Party
  • Covers only damage you cause to others, excluding any protection for your car. Annual policy costs in our survey range from around $120 to $260.
  • Third-party policies arguably appeal to budget-conscious drivers with low-value RAV4 or minimal usage. However, policyholders need to be prepared to self-fund repairs and be comfortable with the fact there is no protection against theft, fire, or accidents, a significant risk for owners unprepared to cover losses.

Know More: For detailed cost estimates tailored to your profile, use our Car Insurance Calculator.

Toyota RAV4 Insurance Cost Comparison - AMI vs AMP vs AA Insurance vs Cove vs State vs Trade Me vs Tower

Our analysis of insurance costs for a 2019 Toyota RAV4 across seven New Zealand cities reveals distinct trends by policy type, reflecting location and insurer variations. We encourage you to get your own online quotes from AMI, AA Insurance, ​AMP, Cove, State Insurance, Trade Me Insurance and Tower Insurance.

1. Comparing Comprehensive Toyota RAV4 Insurance Quotes

  • Premiums show the widest range, reflecting full coverage for repairs, theft, and accidents. Costs are highest in Auckland, driven by urban risks like congestion and crime, and lowest in smaller cities like Dunedin, where risk profiles are lower.
  • Cove, Tower, and Trade Me consistently offer the most competitive policy costs, while larger insurers charge more in our sample quotes. However, all provide robust protection suited to newer vehicles.
  • Our policy comparison guide looks at the details of each insurer's policy and its respective benefits.
Location AMI AMP AA Insurance Cove State Trade Me Tower
Takapuna $1,334.25 $2,048.42 $1,552.10 $1,577.37 $1,345.96 $1,269.97 $1,138.70
Henderson $1,467.91 $1,994.87 $1,518.86 $1,609.21 $1,480.42 $1,545.11 $1,564.40
Mangere $1,536.77 $2,038.61 $1,408.93 $1,627.21 $1,549.75 $1,692.87 $1,542.71
Hamilton $1,393.86 $1,556.47 $1,318.18 $1,209.11 $1,406.42 $1,246.07 $1,115.87
Wellington $1,283.27 $1,534.31 $1,286.26 $1,426.22 $1,295.11 $1,288.68 $1,156.58
Christchurch $1,432.59 $1,597.16 $1,312.89 $1,290.58 $1,445.69 $1,332.25 $1,198.20
Dunedin $1,230.15 $1,360.69 $1,225.45 $1,324.79 $1,241.84 $1,024.34 $1,011.61
Excess $400 $500 $400 $400 $400 $400 $400

2. Comparing Third Party Fire and Theft (TPF&T) Toyota RAV4 Insurance Quotes

  • Overall, costs are moderate, balancing theft and fire coverage with affordability. Variation across cities is less pronounced than Comprehensive, but Auckland remains pricier, and Dunedin again stands out for lower rates.
  • Tower Insurance leads with cheaper quotes, though we could not get online quotes from some insurers, and Cove only offers comprehensive policies.
Location AMI AMP AA Insurance Cove State Trade Me Tower
Takapuna Need further detaills $712.94 $765.89 Not offered Need further detaills $667.38 $640.24
Henderson Need further detaills $740.76 $761.99 Not offered Need further detaills $763.34 $732.23
Mangere Need further detaills $737.05 $866.28 Not offered Need further detaills $772.60 $741.11
Hamilton Need further detaills $657.29 $608.90 Not offered Need further detaills $570.76 $547.61
Wellington Need further detaills $657.29 $614.11 Not offered Need further detaills $551.62 $529.26
Christchurch Need further detaills $675.84 $622.16 Not offered Need further detaills $587.20 $563.37
Dunedin Need further detaills $642.46 $541.01 Not offered Need further detaills $559.21 $536.53
Excess $400 $500 $400 $400 $400 $400 $400

3. Comparing Third-Party Toyota RAV4 Insurance Quotes

  • The cheapest option shows the smallest cost spread, focusing solely on liability to others. Auckland premiums edge higher, while smaller cities like Hamilton and Dunedin offer the lowest rates.
  • State and AMI often undercut competitors, but every RAV4 and owner is unique, so getting quotes from as many insurers as possible is important. 
Location AMI AMP AA Insurance Cove State Trade Me Tower
Takapuna $178.07 $215.86 $240.91 Not offered $157.80 $227.93 $220.05
Henderson $187.48 $221.44 $239.67 Not offered $166.06 $261.26 $252.22
Mangere $182.83 $221.44 $272.96 Not offered $160.48 $264.47 $255.32
Hamilton $152.12 $202.84 $190.82 Not offered $136.16 $194.38 $187.66
Wellington $148.38 $202.84 $192.49 Not offered $134.68 $187.74 $181.24
Christchurch $143.78 $206.55 $195.05 Not offered $130.50 $200.09 $193.18
Dunedin $119.20 $199.11 $169.15 Not offered $112.02 $190.37 $183.78
Excess $400 $500 $400 $400 $400 $400 $400

Must-Know Tips to Save on Toyota RAV4 Insurance

​Every Toyota RAV4 owner can cut insurance costs without compromising essential coverage:
  1. Compare All Insurers: Quotes vary widely; we suggest investing the time to check all seven providers (AMI, AA Insurance, ​AMP, Cove, State Insurance, Trade Me Insurance and Tower Insurance.) across Comprehensive, TPF&T, and Third Party.
  2. Consider Increasing Your Excess: Increasing from $400 to $800 can drop Comprehensive premiums by 10–20% - around $100–$300 annually based on our $1,000–$2,000 range.
  3. Leverage No-Claims History: A clean record for the last five years helps you qualify for no-claims bonuses. Furthermore, RAV4 reliability boosts this perk as insurers consider the cars lower risk.
  4. Consider Switching to TPF&T or Third Party: The savings are considerable, but RAV4s are targets for theft even if they don't appear on our ongoing stolen car research.
  5. Pay Annually: Monthly payments add fees - paying a $1,000 Comprehensive policy upfront with many insurers offers a discount - check insurer terms for exact savings.
  6. Limit Optional Extras: Skip add-ons like roadside assistance if your RAV4 is reliable—our driver's 6,000 km/year suggests low breakdown risk.
  7. Consider Multi-Policy Discounts: Many insurers, including Tower, State, AMI and AA Insurance, offer multi-policy discounts when you bundle your car insurance with other products, like home or contents cover. These discounts typically range from 5% to 20%, depending on the insurer and the policies bundled. For a typical $1,500 Comprehensive car insurance policy, this could mean savings of $75 to $300 annually - often for no extra effort. However, bundling doesn’t always mean better value - some standalone policies may still be cheaper, even after multi-policy discounts. Always compare the total cost before committing.

Compare Toyota RAV4 Insurance Quotes With Our Top Two Insurers:

Our comprehensive car insurance research has identified Tower Insurance and Cove Insurance as leading options in car insurance based on value and coverage. Please note, Cove only offers comprehensive policies, not third party insurance.

Comparing saved money and gives you the information to make an informed decision. Consider getting fast online quotes from these insurers for a well-informed decision:
  • Tower Insurance: Known for its extensive and competitive car insurance policies, Tower Insurance stands out in our comparison review. Their policy encompasses many benefits, making it a preferred choice for many and popular with MoneyHub readers whose circumstances offer an attractive quote.
  • Cove Insurance: As a notable contender in the market, Cove Insurance offers comprehensive policies with competitive pricing, excluding under-21 drivers to focus on quality coverage. Alongside Tower, Cove is popular with MoneyHub readers looking for cost-effective cover.

Requesting a quote is straightforward and quick, requiring only about two to five minutes of your time. Comparing and switching insurers could lead to significant savings, and both Tower and Cove are known for their attractive offerings to new customers.
​
Advertising Disclosure: Our reviews and research focus on price and coverage. MoneyHub may receive a commission for quotes or policy acquisitions. For more information, please refer to our Advertising Policy.​

Frequently Asked Questions

Can I lower my RAV4's insurance by parking it in a garage?

Yes, garaging your RAV4​ can reduce premiums by 5–10% due to lower theft and weather risks. Your $1,000–$2,000 Comprehensive range means around $50–$200 saved yearly. Our sample quotes assume off-street parking, so a garage could cut costs further.

How does my RAV4's model year affect insurance?

Newer RAV4 models have higher Comprehensive costs due to their replacement or insured value. Older RAV4​s (pre-2015) may be more suitable for TPF&T or basic Third Party policies, although there is no protection for accident repairs or theft.

Why are Auckland insurance costs higher for my RAV4?

Auckland's urban risks—traffic, crime, and accidents, drive up premiums, whereas smaller cities like Dunedin are much cheaper to insure, given the lower risks.

Can I add a young driver to my RAV4's policy?

Yes, but adding someone under 25 could raise premiums by 20–50%. Your $1,000 Comprehensive policy is $200–$500 more. If you're looking to insure a young driver, you'll need to compare insurer by insurer to find the best deal, as prices vary significantly. Our guide to young drivers' car insurance has more details.

What if I drive more than 6,000 km/year?

More driving increases risk—insurers might add 5–15% for 10,000+ km/year. Be sure to declare accurate mileage to get an appropriate quote and to keep any claims valid.

Is Third Party enough for my $15,000 to $30,000+ RAV4?

The policies are the cheapest, but they only cover damage to others. If your $15,000 RAV4's stolen (a common risk), you'd lose $15,000. Comprehensive offers full protection - Third Party suits if you can self-fund losses.

Can I switch policies if I find a cheaper deal?

Yes, you're free to move at any time. Contact your existing insurer to get a refund if you have prepaid - most policies refund unused premiums minus a cancellation fee, if applicable. Just be sure your new policy is active before cancelling the old one to avoid any coverage gaps.

Does age impact insurance costs for RAV4 owners?

Yes. While our sample driver profile is a 35-year-old male with a clean driving history, insurance premiums tend to drop significantly for drivers over 40. This is because insurers view mature drivers with long-term licence history and low claim activity as lower-risk. 

If you’re 45, 50 or 60 and have been claim-free, you may see premiums 10–25% cheaper than those outlined in our guide—even when insuring the same vehicle in the same suburb. For example:
  • A 35-year-old in Christchurch may pay $1,500+ for a Comprehensive policy
  • A 55-year-old with similar driving history and car could pay $1,200–$1,500, depending on the insurer

The savings are not guaranteed, but worth checking. If you’re over 40, quote widely and make sure the insurer recognises your low-risk profile. Some offer age-based discounts or superior no-claims bonuses for long-term driving experience.
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